It's quite sad - it shows that the management hasn't been able to act on any of the other options they were looking at - that someone might merge with them, or a buyout. |
Normally these things fail on either management issues or price. |
Right in line with expectations, ... It looks broadly in line with what the market should have been anticipating. |
That sentiment clearly is going to spill over into Imperial Tobacco, despite the fact that (the company has) zero exposure to the U.S. market, |